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Fly News Breaks for February 20, 2019
OIS
Feb 20, 2019 | 07:19 EDT
SunTrust analyst Ken Sill lowered his price target on Oil States to $28 after its Q1 guidance calling for a $10M or more decline in sequential EBITDA that reflects a "slower start to 2019". The analyst is keeping his Buy rating on the shares longer term, noting that the new modeled price target still leaves sufficient upside for investors. Sill also anticipates Oil States' book-to-bill to rise to 1.3- to 1.5-times from "improving orders offshore in Guyana and the South China Sea, along with more multi-year orders from the military."
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